The Most Insane $1 Million and Beyond Bitcoin Price Predictions

By CCN: Bitcoin worth predictions are a dime a dozen. They’ll go wherever from zero to over 1,000,000 . Some bettors like John McAfee are so assured that they’re able to undergo absurd lengths (similar to consuming their very own member) to indicate their conviction. Do these loopy predictions maintain floor?

We scoured the online and found that John McAfee just isn’t alone in his prediction that the king of cryptocurrencies will attain 1,000,000 greenback valuation. Listed here are essentially the most insane bitcoin predictions bravely shared by respected monetary figures.

John McAfee isn’t the one perma-bull on bitcoin. | Supply: Twitter

Jesse Lund, Former VP of Blockchain and Digital Currencies for IBM

The previous IBM government is a bitcoin bull after stating throughout an interview that the value of BTC will finally faucet $1 million. Within the interview, Lund says that at $1 million, a Satoshi would equal one U.S. penny. He additionally famous that liquidity would skyrocket to over $20 trillion if one bitcoin is valued at $1 million. In his view, the $20 trillion liquidity could be a large game-changer within the international monetary providers sector.

The bitcoin worth is up by a triple-digit share year-to-date. | Supply: CoinMarketCap

Wences Casares, Member, PayPal Board of Administrators

Casares additionally hopped on the bitcoin $1 million valuation, however his prediction comes with a considerably cheap timeframe. Based on the most recent addition to PayPal’s board of administrators: “One bitcoin could also be price greater than $1 million in seven-to-10 years.” In his forecast, Casares emphasised stats which can be typically neglected similar to:

Ten years of uninterrupted progress

Over 60 million holders

1 million new holders every month

World transactions of over $1 billion per day

Julian Hosp, Creator and Crypto Analyst

Like Casares, Hosp can be a giant believer that bitcoin will hit $1 million within the subsequent decade. To make this prediction, he relied on the metric known as the stock-to-flow ratio. The metric computes the present provide of the asset and divides it by the annual quantity produced to estimate future valuation. Utilizing this ratio to compute for bitcoin’s future worth, the restricted provide of 21 million cash will finally play an enormous issue.

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